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Sofia bourse SOFIX index falls as Sopharma drop offsets Fibank rally

Author Mario Tanev
Sofia bourse SOFIX index falls as Sopharma drop offsets Fibank rally Author: Bulgarian Stock Exchange / All rights reserved.

SOFIA (Bulgaria), February 12 (SeeNews) - The Bulgarian Stock Exchange blue-chip SOFIX index edged down 0.01% on Tuesday, as drug maker Sopharma [BUL:3JR] took a 1.74% blow to its share price, offsetting First Investment Bank's (Fibank) [BUL:5F4] rally.

The SOFIX ended at 573.32 points on Tuesday, and is currently 2.12% lower since the start of February.

Fibank shares gained 4.23% to 3.7 levs on Tuesday, cutting its losses since the start of the month to just 0.27%.

Sopharma - the largest company in term of market capitalisation on the BSE, ended the session 1.74% lower at 3.39 levs, leading blue-chip decliners.

Diversified group Chimimport [BUL:6C4] and Advance Terrafund REIT [BUL:6A6] followed with drops of 0.80% and 0.76% on Tuesday.

The decrease in Advance Terrafund REIT was not enough to stop the BGREIT index from making another step towards setting a new all-time high.

The BGREIT, which tracks real estate investment trusts listed on the Sofia exchange, gained 0.06% on Tuesday as Advance Terrafund REIT's share price drop was offset by a 1.06% increase in the price of Bulgarian Real Estate Fund REIT [BUL:5BU] shares. The index ended the session at 120.78 points and is now sitting just 0.24% shy of its all-time high, set in the last trading session of 2018.

Fibank's gains supported the wider BGBX40 index and the equally-weighted BGTR30 index, which both closed in green territory.

The BGTR30, in which companies with a free float of at least 10% have equal weight, advanced 0.64% to 496.26 points as Fibank rose most among its constituents. 

The BGBX40, which tracks the 40 most capitalised and traded shares, added 0.23% to 114.57 points. Among BGBX40 members, Fibank's share price growth on Tuesday was exceeded only by printing and advertising firm Billboard [BUL:5BP], which closed 6.67% higher at 0.32 levs.  

Total trading turnover on the BSE regulated market rose to 502,000 levs ($290,000/257,000 euro) on Tuesday from 428,000 levs on Monday.

(1 euro = 1.95583 levs)